LGI Homes (NASDAQ:LGIH) released its quarterly earnings data on Tuesday. The financial services provider reported $3.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $1.58, MarketWatch Earnings reports. LGI Homes had a net margin of 12.15% and a return on equity of 24.77%. The firm had revenue of $705.90 million during the quarter, compared to analysts’ expectations of $543.93 million. During the same period last year, the business earned $1.67 earnings per share. LGI Homes’s revenue was up 55.2% compared to the same quarter last year.

Shares of NASDAQ LGIH traded up $2.38 during midday trading on Tuesday, hitting $174.45. The company’s stock had a trading volume of 8,991 shares, compared to its average volume of 301,264. The business’s fifty day simple moving average is $155.77 and its two-hundred day simple moving average is $123.22. The company has a debt-to-equity ratio of 0.61, a current ratio of 12.91 and a quick ratio of 1.13. LGI Homes has a 1 year low of $57.38 and a 1 year high of $173.38. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 17.99 and a beta of 1.45.

In related news, COO Michael Larry Snider sold 3,850 shares of the firm’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $130.26, for a total value of $501,501.00. Following the sale, the chief operating officer now owns 121,607 shares of the company’s stock, valued at $15,840,527.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jack Anthony Lipar sold 3,135 shares of the firm’s stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $138.58, for a total transaction of $434,448.30. Following the completion of the sale, the vice president now directly owns 9,038 shares in the company, valued at approximately $1,252,486.04. The disclosure for this sale can be found here. In the last three months, insiders sold 73,092 shares of company stock valued at $10,099,846. Insiders own 12.00% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of LGI Homes from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Thursday, February 25th. Wolfe Research began coverage on shares of LGI Homes in a research note on Tuesday, March 16th. They set a “market perform” rating for the company. Wells Fargo & Company began coverage on shares of LGI Homes in a research note on Wednesday, April 21st. They set an “underweight” rating and a $150.00 target price for the company. KeyCorp began coverage on shares of LGI Homes in a research note on Monday, February 22nd. They set a “sector weight” rating for the company. Finally, Wedbush increased their target price on shares of LGI Homes from $110.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $124.86.

LGI Homes Company Profile

LGI Homes, Inc designs, constructs, and sells homes in the United States. It offers entry-level homes, such as detached and attached homes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. As of December 31, 2020, it owned 113 communities. The company serves in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia, and Pennsylvania.

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Earnings History for LGI Homes (NASDAQ:LGIH)

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